The technology, media and telecom sectors have been influential during the pandemic, maintaining and even increasing productivity, efficiency and connectivity for companies and individuals alike. The momentum within the industry shows no signs of slowing down, as investment activity continues to surge and areas such as cloud software, esports and gaming increase their reach. Along with experiencing explosive growth, telecom companies have opportunities to support key environmental initiatives as 5G networks and Internet of Things devices become more prevalent.
- Despite challenges related to the pandemic, the technology sector has seen record-breaking activity across all investment categories.
- Demand for cloud-based software is projected to accelerate, with spending on finance, customer relationship management and human resources among key areas poised for growth.
- The potential of the metaverse has driven high valuations in deals involving video games and esports, led by recent landmark acquisitions by Take-Two and Microsoft.
- Growing 5G networks and expanded use of IoT devices are demonstrating their potential to provide substantial environmental benefits compared to their predecessors.